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Bloomberg announces effort to ensure US honours climate commitments
Following the US’ second withdrawal, Bloomberg and others will ensure the nation’s funding and reporting obligations to the UN Climate Change secretariat are met.
Bloomberg Philanthropies along with other US climate funders have announced they will ensure the US meets its global climate obligations.
The announcement by Michael Bloomberg, the United Nations secretary-general’s special envoy on climate ambition and solutions, follows the federal government’s intent to withdraw from the Paris Agreement for the second time. This includes covering the funding gap left by the United States to UN Climate (UNFCCC) and upholding the country’s reporting commitments.
Funding and reporting commitments
This marks the second time Bloomberg has stepped in to help uphold the country’s funding and reporting commitments under the Paris Agreement amid a lack of US federal climate leadership. In 2017, the US government announced its intention to withdraw from the agreement – and with it, the country’s obligations to fund, engage with, and report to the UN.
In addition to committing to fill the US funding gap, Bloomberg and then-California governor Jerry Brown launched America’s Pledge – an initiative to close the US reporting gap by annually aggregating and reporting non-federal climate commitments, to ensure the world could track US climate progress as if it were any other nation committed to the Paris Agreement.
“While government funding remains essential to our mission, contributions like this are vital in enabling the UN Climate Change secretariat to support countries in fulfilling their commitments under the Paris Agreement”
“More and more Americans have had their lives torn apart by climate-fuelled disasters, like the destructive fires raging in California. At the same time, the United States is experiencing the economic benefits of clean energy, as costs have fallen and jobs have grown in both red and blue states,” said Michael Bloomberg, founder of Bloomberg Philanthropies.
“The American people remain determined to continue the fight against the devastating effects of climate change. Bloomberg Philanthropies has made significant investments in empowering local leaders, providing businesses with the data to track emissions while driving economic growth, and building coalitions across public and private sectors. Now, philanthropy’s role in driving local, state, and private sector action is more crucial than ever – and we’re committed to leading the way.”
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When the United States committed to rejoining the Paris Agreement in 2021, America’s Pledge joined with We Are Still In to become America is All In, the most extensive and diverse coalition of US leaders ever assembled in support of climate action. Now, Bloomberg will once again work to ensure US subnational climate leaders track and report on US climate progress over the next four years and demonstrate that the United States remains committed to its climate goals through action at every level.
“We deeply appreciate the generous support from Bloomberg Philanthropies and the leadership shown by Mike Bloomberg,” said Simon Stiell, United Nations Climate Change executive secretary. ”While government funding remains essential to our mission, contributions like this are vital in enabling the UN Climate Change secretariat to support countries in fulfilling their commitments under the Paris Agreement and a low-emission, resilient, and safer future for everyone.”
“Now, philanthropy’s role in driving local, state, and private sector action is more crucial than ever – and we’re committed to leading the way”
Bloomberg reports that it also ensured the presence of American climate leadership at UN Climate Conferences by funding US Climate Action pavilions. Beginning at Cop23, the centre showcased the groundswell of support from US cities, states, businesses, and other non-federal organisations and leaders to continue working toward the goals of the Paris Agreement – with or without the federal government present.
Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the arts, education, environment, government innovation, and public health. In 2024, Bloomberg Philanthropies distributed $3.7bn.
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How does Bloomberg Philanthropies fill the US funding gap for UNFCCC?What mechanisms ensure accurate US climate progress reporting without federal input?How do subnational US leaders contribute to meeting Paris Agreement goals?In what ways does philanthropy drive local and private sector climate action?How has America’s Pledge improved tracking of non-federal climate commitments?climate actionClimate change/ResilienceEnergy & EnvironmentGovernance and Citizennet zeroPolicy Makingresilience
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